Marico Limited — Ethics Grade B-

Marico Limited receives an overall ethics grade of B- (62/100) on CancelCo's corporate accountability database. Sector: Consumer Goods. Market cap: Mid Cap.

Category scores

• labor: 62
• privacy: 70
• consumer: 55
• environment: 58
• humanRights: 65

Documented incidents (3)

• Honey Purity Controversy (medium, 2020) — Tests by the Centre for Science and Environment (CSE) found that Marico's Saffola honey brand failed tests for sugar syrup adulteration despite 'pure' labels.
• Plastic Waste Management (medium, 2021) — Criticized by environmental groups for insufficient progress in implementing Extended Producer Responsibility (EPR) for the massive amount of multi-layered plastic waste generated by its sachets.
• Casual Labor Complaints (low, 2019) — Protests occurred at production facilities regarding the disparity in benefits between permanent employees and a large workforce of third-party casual laborers.

Documented good deeds

• Water Positivity — Achieved 'water positive' status across all its manufacturing units through rainwater harvesting and conservation.

Ethical alternatives

• Dabur India Ltd — Better performance in plastic neutrality and ayurvedic raw material sourcing.